Bitcoin rebounded and broke through $79,000, now trading at $79,005 & Ethereum has rebounded and broken through $1600, now trading at $1603.💰🔹

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Bitcoin dropped below $78,000 with a 24-hour decrease of 6.42%.‼️💰

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Over $1bn was liquidated in the past 24, including over $865m in long positions, as Bitcoin saw a sharp drop from over $83,000 to below $77,000.

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Cryptocurrency Total Market Cap Has Evaporated Over $1.1 Trillion Since Trump Took Office

According to CoinGecko data, the total cryptocurrency market cap is currently at $2.51 trillion, with a 24-hour decrease of 10.7%.

On the day of the official inauguration of Trump's second term (January 20th), the total cryptocurrency market cap was $3.621 trillion. So far, the cryptocurrency market cap has evaporated by $1.111 trillion.

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Binance founder CZ has been appointed as Strategic Advisor to the Pakistan Crypto Council, aiming to support regulation, education, and crypto adoption.

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🗞 April 7, 2025 cryptocurrency news highlights

【Cryptocurrency】
Cryptocurrency Total Market Cap Has Evaporated Over $1.1 Trillion Since Trump Took Office

【Economy】
Trump on Market Crash: "Sometimes You Have to Take the Medicine" 💊

【Indicators】
Over $1bn was liquidated in the past 24, including over $865m in long positions, as Bitcoin saw a sharp drop from over $83,000 to below $77,000.

【More】
Binance founder CZ has been appointed as Strategic Advisor to the Pakistan Crypto Council, aiming to support regulation, education, and crypto adoption.

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⚖️ EU Plans 25% Tariffs on U.S. Goods; Trump Escalates Trade War with China 🇺🇸🆚🇨🇳🇪🇺

The EU is preparing 25% retaliatory tariffs on select U.S. goods—such as diamonds, poultry, and sausages—effective May 16, with more to follow on December 1. Bourbon, wine, and dairy were excluded to maintain EU unity. In response to global trade tensions, Trump has threatened a 50% tariff on Chinese imports. The announcements triggered sharp drops in U.S. markets, with the Dow falling over 1,200 points amid investor concerns.

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Crypto Markets Wipe Out $1 Trillion as U.S. Tariff War Escalates

Global crypto markets lost $1 trillion in value following heightened U.S. tariff tensions. Bitcoin dropped to $78,000, its lowest in 2025, while smaller tokens saw steeper declines. The sell-off was driven by investor fears over worsening global trade conditions and a broader move away from risk assets.

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Elon Musk Presses Trump to Reverse Tariffs Amid Trade Tensions

Elon Musk urged President Trump to roll back newly announced 50% tariffs on Chinese imports, arguing they would hurt companies like Tesla that depend on global supply chains. Musk also criticized White House trade adviser Peter Navarro and pushed for a U.S.-EU free trade zone. Despite his efforts, Trump proceeded with the tariffs, highlighting a growing divide between the administration and key business leaders.

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Affected by the delisting news, tokens such as BAL experienced a sharp short-term drop.

According to market information, the prices of tokens such as BAL experienced a significant short-term drop due to delisting news:
BAL dropped over 10% in a short period of time, now trading at $0.99;
BADGER dropped over 9% in a short period of time, now trading at $1.011;
CREAM dropped over 20% in a short period of time, now trading at $3.07.

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The U.S. Department of Justice is shutting down its crypto-focused investigative unit, shifting its attention to prosecuting individuals who target digital asset investors.

Exchanges, mixers like Tornado Cash, and offline wallets will no longer be the primary focus.

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Ripple is acquiring crypto-friendly prime broker Hidden Road for $1.25bn in a deal involving cash, XRP, and stock.

The acquisition is set to close in the coming months, with founder Marc Asch continuing to lead the prime brokerage division.

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🗞 April 8, 2025 cryptocurrency news highlights

【Cryptocurrency】
Affected by the delisting news, tokens such as BAL experienced a sharp short-term drop.

【Economy】
The U.S. Department of Justice is shutting down its crypto-focused investigative unit, shifting its attention to prosecuting individuals who target digital asset investors.

【Indicators】
Ripple is acquiring crypto-friendly prime broker Hidden Road for $1.25bn in a deal involving cash, XRP, and stock.

【More】
Elon Musk Presses Trump to Reverse Tariffs Amid Trade Tensions

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Ethereum Drops Below $1500🔥

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DOJ Scales Back Crypto Fraud Enforcement 🧑‍⚖️

The DOJ, under Trump’s direction, will no longer pursue most crypto-related regulatory cases, including actions against exchanges and wallet services. Ongoing investigations will be closed, though serious crimes involving crypto (like terrorism or trafficking) will still be prosecuted.

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🔥 US-China Trade War Escalates: 104% Tariffs Imposed Amid Retaliation

U.S. imposed sweeping 104% tariffs on Chinese goods, escalating an ongoing trade conflict. President Trump’s move came after China introduced 34% retaliatory tariffs. In response, China vowed to "fight to the end" and challenged the U.S. at the WTO. The standoff threatens global economic stability, with both nations facing internal pressures but showing no signs of backing down.

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Bitcoin fell below $77,000 this morning, reaching a low of $76,239, and is currently trading at $76,498, representing a 24-hour decrease of 4.38%. Ethereum fell below $1,500 this morning, reaching a low of $1,441, and is currently trading at $1,470, representing a 24-hour decrease of 6.11%.💰🔹

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If Bitcoin falls below $74,000, the cumulative long liquidation intensity of mainstream CEX will reach 476 million. On the contrary, if Bitcoin surpasses $78,000, the cumulative short liquidation intensity of mainstream CEX will reach 982 million.⚠️💰

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Placeholder Partner: Significant Support at $70,000 if Bitcoin Loses Current Level

Placeholder partner Chris Burniske posted on social media, stating, "If we lose the current level, the next Bitcoin support level to watch is $70,000, where there is significant support, at the high point of the 2021 cycle, as well as the range high points from March to October 2024."

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President Donald Trump claimed the U.S. is collecting $2bn per day from tariffs.

According to the Treasury, customs duties totaled around $7.25bn for the month of February.

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In response to new U.S. global tariffs, Bitcoin miners are rapidly importing equipment from regions like China, Malaysia, and Thailand, with some large companies chartering flights costing up to $3.5m per trip.

The U.S. has already imported over $860m worth of mining equipment in Q1 2025, and the new tariffs are expected to increase equipment prices by 22% to 36%.

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